OneSpaWorld (NASDAQ:OSW) Shares Gap Up to $12.72

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $12.72, but opened at $13.64. OneSpaWorld shares last traded at $13.86, with a volume of 53,968 shares.

Analyst Ratings Changes

OSW has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of OneSpaWorld from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Truist Financial boosted their price target on shares of OneSpaWorld from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, January 5th.

OneSpaWorld Price Performance

The firm’s fifty day moving average price is $12.92 and its 200 day moving average price is $12.75. The firm has a market capitalization of $1.44 billion, a PE ratio of -126.00 and a beta of 2.12. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business had revenue of $194.81 million during the quarter, compared to analysts’ expectations of $197.65 million. OneSpaWorld had a negative net margin of 0.37% and a positive return on equity of 12.49%. As a group, equities analysts forecast that OneSpaWorld Holdings Limited will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Andrew R. Heyer sold 9,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $13.00, for a total transaction of $117,000.00. Following the sale, the director now directly owns 473,145 shares of the company’s stock, valued at $6,150,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other OneSpaWorld news, Director Andrew R. Heyer sold 9,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $13.00, for a total transaction of $117,000.00. Following the completion of the transaction, the director now directly owns 473,145 shares in the company, valued at $6,150,885. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maryam Banikarim sold 6,411 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $13.07, for a total transaction of $83,791.77. Following the transaction, the director now owns 75,765 shares of the company’s stock, valued at $990,248.55. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneSpaWorld

A number of large investors have recently added to or reduced their stakes in OSW. Moran Wealth Management LLC grew its holdings in shares of OneSpaWorld by 5.3% in the fourth quarter. Moran Wealth Management LLC now owns 22,240 shares of the company’s stock valued at $314,000 after purchasing an additional 1,114 shares during the period. Amalgamated Bank increased its position in shares of OneSpaWorld by 10.5% during the third quarter. Amalgamated Bank now owns 12,035 shares of the company’s stock valued at $135,000 after acquiring an additional 1,144 shares during the last quarter. Sheets Smith Wealth Management increased its position in shares of OneSpaWorld by 4.9% during the fourth quarter. Sheets Smith Wealth Management now owns 33,649 shares of the company’s stock valued at $474,000 after acquiring an additional 1,570 shares during the last quarter. Arizona State Retirement System increased its position in shares of OneSpaWorld by 9.9% during the third quarter. Arizona State Retirement System now owns 25,476 shares of the company’s stock valued at $286,000 after acquiring an additional 2,286 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of OneSpaWorld by 15.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 23,822 shares of the company’s stock valued at $267,000 after acquiring an additional 3,100 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.